AB Company had 11,000, par P20 shares issued and outstanding on January 1, 2021. On March 15, the entity declared a 2 for 1 share split when the fair market value of the share was P80. Required: After the share split, determine the following: Shares issued and outstanding Par value per share Total shareholder's equity i. ii. iii. b. Assuming that instead of a share split, the company opted for a 1 for 2 reverse split, determine the following: Shares issued and outstanding Par value per share Total shareholder's equity i. ii. iii.

AB Company had 11,000, par P20 shares issued and outstanding on January 1, 2021. On March 15, the entity declared a 2 for 1 share split when the fair market value of the share was P80. Required: After the share split, determine the following: Shares issued and outstanding Par value per share Total shareholder's equity i. ii. iii. b. Assuming that instead of a share split, the company opted for a 1 for 2 reverse split, determine the following: Shares issued and outstanding Par value per share Total shareholder's equity i. ii. iii.

Name: Subject: Financial Accounting and ReportingTopic: Equity Transactions
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Description: Subject: Financial Accounting and ReportingTopic: Equity Transactions 2. AB Company had 11,000, par P20 shares issued and outstanding on January 1, 2021. On March15, the entity declared a 2 for 1 share split when the fair market value of the share wa

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter22: S Corporations

Section: Chapter Questions

Problem 3BCRQ

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